Overnight exuberance on the back of comments from Venezuela's Maduro that an OPEC freeze deal was "very close" are fading fast. Oil prices are retracing the "positive discussions" spike, but for now stocks are not giving too much back (yet).
As Bloomberg notes, Venezuelan President Nicolas Maduro hopes an accord can be reached by end of September, he says at a press conference at the Summit of Non-Aligned Movement, explaining that he held “positive discussions” with fellow OPEC members present at forum.
What happens next?
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